The directors will be responsible for the company’s activities including the review of its investment activities and performance. The directors are responsible for the determination of the company’s investment objective, policy restrictions and supervising and reviewing the activities of Juridica Capital Management Limited, the company’s investment manager.

Lord Dan Brennan, Chairman
Lord Daniel Brennan QC is a practising barrister who specialises in commercial law, international business issues, public and private international law, and international arbitration. During 1999, he was Chairman of the Bar of England and Wales, the organisation that represents 10,000 practising barristers, specialist advocates and advisers in litigation and in 2000, he was voted Barrister of the Year. In May 2000, the Queen, on the recommendation of the United Kingdom Government, appointed him a life peer and member of the House of Lords.

J. Kermit Birchfield, Non-Executive Director
John Kermit Birchfield was admitted to the New York State Bar and the New York City Bar in 1972 and has over 35 years of experience in corporate finance, mergers and acquisitions, corporate litigation and other corporate matters. He spent the first 12 years of his career with two Wall Street law firms. For five years in the 1980s he held the position of Senior Vice President Legal and Governmental Affairs and General Counsel at Georgia-Pacific Corporation (at that time, a company listed on the New York Stock Exchange) and in the 1990s, he spent five years as Senior Vice President Legal, Secretary and General Counsel at M/A-Com, Inc. (also then listed on the New York Stock Exchange). Since that time, he has served on the board of a number of US companies including Displaytech Inc and HPSC Inc. He is currently Chairman of Massachusetts Financial Services Compass Group of Mutual Funds, which has approximately $10 billion in assets.

Richard Battey, Non-Executive Director
Richard Battey is a non-executive director of a number of companies including closed-end investment funds and a private equity administrator. After qualifying with Baker Sutton & Co., Chartered Accountants, in London in 1977 he worked for the Schroder Group, initially in internal audit and as Financial Accountant for J. Henry Schroder Wagg & Co. Ltd and then in Schroder Investment Management in London until 1994. Mr Battey was a director of Schroders (C.I.) Limited in Guernsey from April 1994 to December 2004 where he served as Finance Director and Chief Operating Officer. He remains a non-executive director of Schroder Administrative Services (C.I.) Limited. From May 2005 to July 2006 he was Chief Financial Officer of CanArgo Energy Corporation and until end October 2006 as an adviser on the preparations for the spin-out of its subsidiary, Tethys Petroleum Limited. He is also a director of the Company’s Investment Manager.